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Senate Committee Passes Mastriano Bills Helping Small Businesses - Pennsylvania Senate Republicans
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Senate Committee Passes Mastriano Bills Helping Small Businesses - Senator Mastriano
HARRISBURG – The Senate Finance Committee passed two bills sponsored by Sen. Doug Mastriano (R-33) this week to benefit Pennsylvania’s small businesses. Senate Bill 253 would abolish double taxation on small business partners. Currently, Pennsylvania resident business partners subject to pass-through entity taxes in other jurisdictions incur a double tax. Pass-through entities are businesses in which the profits pass through to the owners of the…
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